Rite Aid Hits McKesson With $90 Million Bankruptcy Clawback Suit

Rite Aid sued McKesson Corp., the bankrupt pharmacy chain’s largest drug supplier, seeking the return of roughly $90 million in payments transferred in the run up to Rite Aid’s Chapter 11 filing.

A trio of “preferential” transfers made to McKesson in the 90-day period before Rite Aid filed for bankruptcy in early May should be unwound, the retailer said in an Aug. 1 complaint filed in the US Bankruptcy Court for the District of New Jersey.

“Each of these transfers was an unusual, non-ordinary course payment that the Debtors were forced to make to maintain their critical relationship with ...